SOLD. Located in the heart of Porto is this fantastic luxury development comprising of ten 1 and 2 bedroom apartments and a commercial unit on the ground floor. The prime location makes these apartments an excellent option for investors looking to generate a promising rental return, estimated at around 4-5% p.a. Just minutes from the building you will find a selection of shopping malls, famous landmarks, markets, transport links and more. Porto is a UNESCO world heritage site, attracting millions of tourists each year and has also been named as one of ”The Best European Cities to Invest in for 2020” by Forbes.
This entire building is being renovated and each apartment will be stylishly designed with a clean and contemporary finish. Golden visa legislation in Portugal allows a 30% reduction in the qualifying limit through investment in buildings which are over 30 years old and in need of renovation work. This project falls into this category so investors can apply for a Portuguese residency visa by purchasing these properties at just €350,000 as opposed to €500,000. After five years it is possible for residency holders to then apply for Portuguese Citizenship.
Hurry these are selling fast! For more details, please contact our specialist consultants.